Wednesday

October 22, 2014

October 22, 2014

Posted by **Susana** on Sunday, April 17, 2011 at 9:21am.

a. Use a spreadsheet to input each of George’s assets, (i) to (v), in the first column; the value of these assets in the second column; and the liabilities (if any) against those assets in the third column. In the fourth column compute the net asset value of each of the assets. Total the fourth column to determine George’s net worth at the beginning of the month.

b. Compute the additional net income that George will have from his paycheck plus the interest on his bank account minus the monthly expenses. Use this information to answer parts (c) through (f) below.

c. Repeat part (a) for the end of the month assuming George does not take a vacation and pays off his auto loan.

d. Repeat part (a) for the end of the month assuming George takes the Bahamas vacation and only pays $1,000 on the principal of the auto loan.

e. Repeat part (a) for the end of the month assuming that George takes the local beach vacation and pays off his auto loan.

f. Repeat part (a) for the end of the month assuming George takes the Bahamas vacation and pays off the auto loan.

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